Here’s what we are looking for in tomorrow’s economic reports (August 2, 2021) — Good Luck Trading!
1. German and UK PMI Revisions (03:55 & 04:30 ET) No Trade – Revisions can be hard to predict but changes should be market moving
2. US ISM Manufacturing (10:00 ET) No Trade – Stronger Empire State offset by weaker Philly Fed and Chicago PMI
We have just posted our weekly news trading calendar for the week of July 30, 2021. You can download the pdf and excel file by clicking on the Read More Link. These are soft biases on economic data and not trades that we directly trade or track like BK Swing and News
Here’s what we are looking for in tomorrow’s economic reports (July 30, 2021) — Good Luck Trading!
1. AU PPI (21:30 ET) Bullish AUD – CPI beat expectations
2. EZ GDP and CPI (05:00 ET) Bullish EUR – Inflation on the rise globally and EZ growth expected to turn positive in Q2
3. CAD GDP (08:30 ET) Bearish CAD – May Canada was still in lockdown and with trade and retail sales weak, GDP growth may not be strong
4. US Personal Income and Spending (08:30 ET) No Trade – Retail sales snapped back but wage growth was softer
Here’s what we are looking for in tomorrow’s economic reports (July 29, 2021) — Good Luck Trading!
1. GE Unemployment and Confidence (03:55 ET) Bullish EUR – Labor data and confidence should be stronger according to PMIs
2. GE CPI (08:00 ET) Bullish EUR – Commodity prices continued to rise which should lift CPI
3. US Q2 GDP (08:30 ET) No Trade – Growth should be stronger as country recovers but retail sales actually weakened in Q2, making it a tough call
Here’s what we are looking for in tomorrow’s economic reports (July 28, 2021) — Good Luck Trading!
1. AU CPI(21:30 ET) Bullish AUD – Potential upside surprise given rise in consumer inflation expectations
2. CAD CPI (08:30 ET) Bullish CAD – Potential upside surprise given rise in price component of IVEY PMI
3. FOMC Rate Decision (14:00 ET) No Trade – Rate decisions are best traded reactively
We have just posted our weekly news trading calendar for the week of July 26, 2021. You can download the pdf and excel file by clicking on the Read More Link. These are soft biases on economic data and not trades that we directly trade or track like BK Swing and News
Here’s what we are looking for in tomorrow’s economic reports (July 26, 2021) — Good Luck Trading!
1. NZ Trade Balance (18:45 ET) Bullish NZD – Potential upside surprise given rise in manufacturing PMI
2. German IFO Report (04:00 ET) Bearish EUR – Likely to be weaker given drop in GE factory orders and industrial production
3. US New Home Sales (10:00 ET) Bearish USD – Could decline like new home sales
Here’s what we are looking for in tomorrow’s economic reports (July 23, 2021) — Good Luck Trading!
1. UK Retail Sales (02:00 ET) Bullish GBP – Potential upside surprise given strong wage growth and spending
2. German and EZ PMIs (03:30 ET) Bullish EUR – Reopenings should lead to stronger activity
3. UK PMIs (04:30 ET) Bullish GBP – Reopenings should lead to stronger activity
4. CAD Retail Sales (08:30 ET) Bullish CAD – Should be stronger given reopenings and labor market activity
Here’s what we are looking for in tomorrow’s economic reports (July 22, 2021) — Good Luck Trading!
1. ECB Rate Decision (07:45 ET) No Trade – Rate decisions are best traded reactively
2. US Existing Home Sales (10:00 ET) Bullish USD – Housing market in US remains strong
Here’s what we are looking for in tomorrow’s economic reports (July 21, 2021) — Good Luck Trading!
1. AU Retail Sales (21:30 ET) Bearish AUD – Lockdowns to curtail spending
Here’s what we are looking for in tomorrow’s economic reports (July 20, 2021) — Good Luck Trading!
1. RBA Minutes (21:30 ET) No Trade — We do not trade minutes, they are best traded reactively
2. US Building Permits and Housing Starts (08:30 ET) No Trade — Housing data is difficult to predict but likely to be stronger given price rises
Here’s what we are looking for in tomorrow’s economic reports (July 19, 2021) — Good Luck Trading!
1. NZ PMI Services (18:30 ET) Bullish NZD — Potential upside surprise as RBNZ’s hawkish moves suggests stronger domestic activity
